Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

August 9, 2023

Consolidated Financial Results
for the Three Months Ended June 30, 2023
(Under Japanese GAAP)
Company name:
Listing:
Securities code:

Furukawa Co., Ltd.
Tokyo Stock Exchange
5715

URL:
Representative:
Inquiries:
Telephone:https://www.furukawakk.co.jp
Minoru Nakatogawa, President and Representative Director
Tsuyoshi Tajika, General Manager, Accounting Department+81-3-6636-9502

Scheduled date to file quarterly securities report:
Scheduled date to commence dividend payments:
Preparation of supplementary material on quarterly financial results:

August 10, 2023–
None

Holding of quarterly financial results briefing:

None(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30,2023)(1) Consolidated operating results (cumulative)(Percentages indicate year-on-year changes.)
Net sales
Three months ended
June 30, 2023

Millions of yen
47,472June 30, 2022

52,611

Note: Comprehensive income

Operating profit% Millions of yen
(9.8)
2,761

% Millions of yen
25.9
4,267

% Millions of yen
23.4
2,434

%
3.5

15.3

0.3

29.8

59.4

2,192

For the three months ended June 30, 2023:
For the three months ended June 30, 2022:

Basic earnings
per share

Profit attributable toowners of parent

Ordinary profit

Diluted earnings
per share

Three months ended
June 30, 2023

Yen
63.87

Yen
–

June 30, 2022

60.56

–

3,459

¥ 5,057 million¥ 1,387 million

2,351[264.4%][(36.6)%]

(2) Consolidated financial position
Total assets
As of

Net assets

Equity-to-asset ratio

Millions of yen

Millions of yen%

241,987
232,745

109,175
106,05043.8
44.2

June 30, 2023
March 31, 2023
Reference: Equity
As of June 30, 2023:¥ 106,004 million¥ 102,946 million

As of March 31, 2023:

2. Cash dividends
Annual dividends per shareFirst quarter-end

Second quarter-end

Third quarter-end

Yen
Yen
Fiscal year ended–
0.00
March 31, 2023
Fiscal year ending–
March 31, 2024
Fiscal year ending
March 31, 2024
0.00
(Forecast)
Note: Revisions to the forecast of cash dividends most recently announced: None

Fiscal year-end

Total

Yen

Yen

Yen

–

50.00

50.00

–

50.00

50.00

3. Forecast of consolidated financial results for the fiscal year ending March 31, 2024 (from April 1, 2023
to March 31, 2024)(Percentages indicate year-on-year changes.)
Net sales

Operating profit

Profit attributable toowners of parent

Ordinary profit

Basic earnings
per share

Millions ofyen%Millions ofyen%Millions ofyen%Millions of
yen

%

Yen

Six months ending
September 30, 2023

92,000(12.0)

3,700

9.7

3,700

(29.1)

11,600236.4

304.33Fiscal year ending
March 31, 2024

184,500(13.9)

9,200

1.9

9,200

(1.6)

15,300146.3

401.41

Note: Revisions to the forecast of financial results most recently announced: None

* Notes(1) Changes in significant subsidiaries during the period (changes in specified subsidiaries resulting in the change
in scope of consolidation): None
(2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements:
None(3) Changes in accounting policies, changes in accounting estimates, and restatement(i) Changes in accounting policies due to revisions to accounting standards and other regulations: None(ii) Changes in accounting policies due to other reasons: None(iii) Changes in accounting estimates: None(iv) Restatement: None
(4) Number of issued shares (common shares)(i) Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023

40,445,568 shares

As of March 31, 2023

40,445,568 shares(ii) Number of treasury shares at the end of the period
As of June 30, 2023

2,329,617 shares

As of March 31, 2023

2,329,563 shares(iii) Average number of shares outstanding during the period (cumulative from the beginning of the fiscal
year)
Three months ended June 30, 2023

38,115,979 shares

Three months ended June 30, 2022

38,823,615 shares* Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants
or an audit corporation.
* Proper use of earnings forecasts, and other special matters
Caution concerning forward-looking statements
The forward-looking statements, including earnings outlook, contained in these materials are based on
information currently available to the Company and on certain assumptions deemed to be reasonable by theCompany. The Company makes no warranty as to the achievability of the projections. Actual business andother results may differ substantially from the statements herein due to a number of factors.
Please refer to “1. Performance Overview, (3) Information regarding consolidated earnings forecasts and otherforward-looking statements” on page 5 of the attached material for the suppositions that form the assumptions
for earnings forecasts and cautions concerning the use thereof.

Furukawa Co., Ltd. (5715)

Attached Material
Index
1. Performance Overview ............................................................................................................................. 2(1) Operating results................................................................................................................................. 2(2) Explanation of financial position........................................................................................................ 5(3) Information regarding consolidated earnings forecasts and other forward-looking statements ......... 5
2. Quarterly Consolidated Financial Statements and Significant Notes Thereto .......................................... 6(1) Quarterly consolidated balance sheet ................................................................................................. 6(2) Quarterly consolidated statement of income and consolidated statement of comprehensive
income ................................................................................................................................................ 8
Quarterly consolidated statement of income (cumulative) ................................................................. 8
Quarterly consolidated statement of comprehensive income (cumulative) ........................................ 9(3) Notes to quarterly consolidated financial statements ....................................................................... 10
Notes on going concern assumptions ............................................................................................... 10
Notes on significant changes in the amount of shareholders’ equity ................................................ 10
Segment information ........................................................................................................................ 10
Supplementary Material on Financial Results for the Three Months Ended June 30, 2023 ......................... 12-1-

Furukawa Co., Ltd. (5715)

1. Performance Overview
Matters concerning forward-looking statements in the text are according to the judgment as of the endof the first quarter of the fiscal year ending March 31, 2024.
(1) Operating results(Millions of yen)Three months ended
June 30, 2022

Three months ended
June 30, 2023

Year-on-year change

Net sales

52,61147,472(5,138)Operating profit

2,192

2,761

568

Ordinary profit

3,459

4,267

808

Profit attributable to owners of parent

2,351

2,434

83

In the first quarter under review (April 1 to June 30, 2023), the Japanese economy showed amoderate recovery amid improving employment and income conditions, with the added benefit ofvarious government policies. Thanks to recovery in demand for consumption of services andinbound tourists, companies in non-manufacturing sectors generated increased profits. However, a
slowdown in overseas economies, stemming from continued global monetary tightening and otherfactors, put downward pressure on profits in the manufacturing sector.
Under these economic conditions, the Furukawa Company Group posted consolidated net sales of¥47,472 million, a decrease of ¥5,138 million from the previous corresponding period, andoperating profit of ¥2,761 million, an increase of ¥568 million. The Rock Drill Machinery and
UNIC Machinery segments reported year-on-year increases in sales and operating profit, while theIndustrial Machinery segment posted decreases in sales and operating profit. Overall, theMachinery business reported increases in both sales and operating profit. In the Materials business,
the Electronics and Chemicals segments recorded lower sales and operating profit, while the Metals
segment posted lower sales and higher operating profit. As a result, the Materials business as awhole posted lower sales and higher operating profit. The Real Estate business reported declines inboth sales and operating profit. Within non-operating income, we posted foreign exchange gains of¥950 million. As a result, ordinary profit amounted to ¥4,267 million, an increase of ¥808 million
year on year. Within extraordinary losses, we posted a ¥458 million loss related to demolition workon the Furukawa Osaka Building. Accordingly, profit attributable to owners of parent was ¥2,434
million, an increase of ¥83 million.
The net sales and operating profit for the reportable segments are as follows:
Industrial Machinery(Millions of yen)Three months ended
June 30, 2022
Sales
Operating profit

Three months ended
June 30, 2023

Year-on-year change

3,640

2,348

(1,292)

75

(4)

(80)

The Industrial Machinery segment posted sales of ¥2,348 million, a decrease of ¥1,292 million year
on year, and an operating loss of ¥4 million, compared with operating profit of ¥75 million in theprevious corresponding period. The order backlog at the end of the quarter (June 30, 2023) was
higher than the end of the previous fiscal year (March 31, 2023), due to orders received for the
Hachioji South Bypass Ofuna-Terada Viaduct and other projects related to bridges. As for revenue,
sales of material machinery decreased due to lower sales of main units, while sales of pumpproducts and equipment also declined. In the infrastructure business, we reported sales
corresponding to progress of bridge-related projects, including for the Tokai Kanjo Daian Viaductand the Shin-Koyasu Pedestrian Bridge, but overall sales declined due to a decrease in construction
work on large-scale projects.

-2-

Furukawa Co., Ltd. (5715)

Rock Drill Machinery(Millions of yen)Three months ended
June 30, 2022
Sales
Operating profit

Three months ended
June 30, 2023

Year-on-year change

7,619

9,350

1,731

431

961

530

Sales in the Rock Drill Machinery segment totaled ¥9,350 million, an increase of ¥1,731 million
year on year, and operating profit was ¥961 million, an increase of ¥530 million. In Japan, sales
increased due to a rise in shipments of main bodies of tunnel drill jumbos and an increase in orders
for maintenance services. Overseas, we reported higher sales due to increased shipments ofhydraulic breakers to North America and hydraulic crawler drills to the Middle East, as well as the
positive effect of the yen’s depreciation.
UNIC Machinery(Millions of yen)Three months ended
June 30, 2022
Sales
Operating profit

Three months ended
June 30, 2023

Year-on-year change

6,917

7,167

249

433

446

13

Sales in the UNIC Machinery segment amounted to ¥7,167 million, an increase of ¥249 million,
and operating profit was ¥446 million, an increase of ¥13 million. In Japan, we reported an increasein sales due to various factors. These included a recovery from truck production delays due todifficulties in procuring electronic components and overseas parts, which had been occurring inrecent years, resulting in higher shipments of UNIC cranes. Overseas, we reported a decrease insales due to lower shipments of UNIC cranes to China, the Middle East, Oceania, and Southeast
Asia.
Machinery Business Total(Millions of yen)Three months ended
June 30, 2022
Sales
Operating profit

Three months ended
June 30, 2023

Year-on-year change

18,177

18,866

688

940

1,404

463

Total sales of the Machinery business—consisting of the Industrial Machinery, Rock Drill
Machinery, and UNIC Machinery segments—amounted to ¥18,866 million, an increase of ¥688
million year on year, and operating profit was ¥1,404 million, an increase of ¥463 million.
Metals(Millions of yen)Three months ended
June 30, 2022
Sales
Operating profit

Three months ended
June 30, 2023

Year-on-year change

28,832

23,049(5,782)

612

933

320

Sales in the Metals segment amounted to ¥23,049 million, a decrease of ¥5,782 million, andoperating profit was ¥933 million, an increase of ¥320 million. The overseas market price ofelectrolytic copper started the quarter at US$8,966/ton and rose to the US$9,000/ton level in midApril, but ended the period at US$8,210/ton due to speculation about additional interest rate hikes
in the United States and signs of weak Chinese demand. Electrolytic copper production and sales-3-Furukawa Co., Ltd. (5715)

volume decreased due to the termination of our entrusted copper smelting agreement with
Onahama Smelting and Refining Co., Ltd.
Electronics(Millions of yen)Three months ended
June 30, 2022
Sales
Operating profit

Three months ended
June 30, 2023

Year-on-year change

1,867

1,765

(102)

208

173

(35)

Sales in the Electronics segment amounted to ¥1,765 million, a decrease of ¥102 million, andoperating profit was ¥173 million, a decrease of ¥35 million. The market for high-purity metallic
arsenic for compound semiconductors, a major application for this material, remained in an
inventory adjustment phase both in Japan and overseas. The demand for aluminum nitride ceramics
for use in substrates and filler materials was strong, while demand for their application insemiconductor manufacturing equipment components was low. Thus, overall sales of bothmaterials declined. Sales of coils increased due to the recovery in automobile production as thesemiconductor shortage moved toward resolution.
Chemicals(Millions of yen)Three months ended
June 30, 2022
Sales
Operating profit

Three months ended
June 30, 2023

Year-on-year change

2,348

2,341

(6)

243

211

(32)

Sales in the Chemicals segment amounted to ¥2,341 million, a decrease of ¥6 million, while
operating profit was ¥211 million, a decrease of ¥32 million. Sales of cupric oxide decreased due toa decline in demand related to PCs and smartphones. Meanwhile, sales of cuprous oxide increasedon the back of a recovery in demand for ship bottom paints, a major application for that product.
Materials Business Total(Millions of yen)Three months ended
June 30, 2022

Three months ended
June 30, 2023

Year-on-year change

Sales

33,047

27,156(5,891)

Operating profit

1,064

1,318

253

Total sales of the Materials business—consisting of the Metals, Electronics, and Chemicals
segments—amounted to ¥27,156 million, a decrease of ¥5,891 million year on year, and operating
profit was ¥1,318 million, an increase of ¥253 million.
Real Estate(Millions of yen)Three months ended
June 30, 2022

Three months ended
June 30, 2023

Year-on-year change

Sales

531

443

(88)

Operating profit

202

112

(89)

Sales in the Real Estate business amounted to ¥443 million, a decrease of ¥88 million, andoperating profit was ¥112 million, a decrease of ¥89 million. As for the Muromachi Furukawa
Mitsui Building (commercial name: COREDO Muromachi 2), our main facility, both sales and-4-

Furukawa Co., Ltd. (5715)

number of visitors are recovering, although the commercial facility has not recovered to preCOVID-19 level. Meanwhile, overall lease revenues declined due to a reduction in floor space for
office tenants and other factors.
Others(Millions of yen)Three months ended
June 30, 2022
Sales
Operating profit

Three months ended
June 30, 2023

Year-on-year change

854

1,006

152

4

(60)

(64)

This segment covers metal powder, casting, transportation, and other businesses. In the quarter
under review, the segment recorded sales of ¥1,006 million, up ¥152 million year on year, and an
operating loss of ¥60 million, compared with operating profit of ¥4 million in the previous
corresponding period.
(2) Explanation of financial position(Millions of yen)
End of previous fiscal
year

End of the firstquarter of the fiscal
year ending March
31, 2024

Change from end of
previous fiscal year

Total assets

232,745

241,987

9,242

Liabilities

126,695

132,812

6,117(Interest-bearing debt)

62,84868,471

5,622

Net assets

106,050

109,175

3,124

44.2

43.8

(0.4)

Equity-to-asset ratio(%)

At the end of the quarter (June 30, 2023), total assets amounted to ¥241,987 million, an increase of¥9,242 million from March 31, 2023. This was mainly due to a decrease in notes and accounts
receivable–trade, and contract assets, and increases in cash and deposits and also raw materials andsupplies, as well as investment securities due to higher share prices of listed stocks. Interest-bearing
debt (borrowings) totaled ¥68,471 million, an increase of ¥5,622 million. Net assets amounted to¥109,175 million, an increase of ¥3,124 million.
(3) Information regarding consolidated earnings forecasts and other forward-looking statements
The Group has made no changes to its initial performance forecasts announced on May 29, 2023.

-5-

Furukawa Co., Ltd. (5715)

2. Quarterly Consolidated Financial Statements and Significant Notes Thereto(1) Quarterly consolidated balance sheet(Millions of yen)
As of March 31, 2023
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable - trade, and contract
assetsMerchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Non-current assets
Property, plant and equipment
Buildings and structures, net
Land
Other, net
Total property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Other
Allowance for doubtful accounts
Total investments and other assets
Total non-current assets
Total assets-6-

As of June 30, 2023

13,606

17,59335,502

26,68318,705
12,213
15,5844,318(47)
99,882

20,083
13,831
19,6607,241(45)
105,048

23,43553,91013,636
90,981317

23,06853,92014,14991,138352

34,711
7,622(769)
41,563
132,862
232,745

38,685
7,576(813)
45,448
136,939
241,987

Furukawa Co., Ltd. (5715)(Millions of yen)
As of March 31, 2023
Liabilities
Current liabilities
Notes and accounts payable - trade
Electronically recorded obligations - operating
Short-term borrowings
Income taxes payable
Provisions
Other
Total current liabilities
Non-current liabilities
Long-term borrowings
Provisions
Retirement benefit liability
Asset retirement obligations
Other
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders’ equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets-7-

As of June 30, 2023

14,397
9,244
16,607
1,711
202
20,947
63,111

14,644
9,497
21,631
444
305
20,986
67,51046,24097
2,481
228
14,53463,583
126,695

46,84020
2,119
230
16,09265,302
132,812

28,2082
58,847(3,086)
83,971

28,2082
59,376(3,086)
84,50012,32015,257

(77)
2,582
1,564
2,584
18,974
3,103
106,050
232,745

(606)
2,582
1,718
2,551
21,503
3,170
109,175
241,987

Furukawa Co., Ltd. (5715)(2) Quarterly consolidated statement of income and consolidated statement of comprehensive income
Quarterly consolidated statement of income (cumulative)(Millions of yen)Three months ended
June 30, 2022
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Operating profit
Non-operating income
Dividend income
Foreign exchange gains
Other
Total non-operating income
Non-operating expenses
Interest expenses
Administrative expenses of inactive mountain
Other
Total non-operating expenses
Ordinary profit
Extraordinary income
Gain on sale of investment securities
Other
Total extraordinary income
Extraordinary losses
Demolition expenses of a rental building
Other
Total extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent-8-

Three months ended
June 30, 2023

52,61145,785
6,826
4,633
2,192

47,47239,902
7,570
4,808
2,761

424
1,047
181
1,652

500
950
501
1,952

118
187
80
386
3,459

119
216
109
446
4,267

51
4
55

28
1
30

47
76
124
3,389
891
97
988
2,401
49
2,351

458
56
514
3,783
417
859
1,277
2,506
71
2,434

Furukawa Co., Ltd. (5715)

Quarterly consolidated statement of comprehensive income (cumulative)(Millions of yen)Three months ended
June 30, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests-9-

Three months ended
June 30, 2023

2,401

2,506

(746)
(1,039)
641
(35)

2,938
(500)
154
(33)

166

(8)

(1,013)
1,387

2,550
5,057

1,286

4,963

101

93

Furukawa Co., Ltd. (5715)(3) Notes to quarterly consolidated financial statements
Notes on going concern assumptions
Not applicable.
Notes on significant changes in the amount of shareholders’ equity
Not applicable.
Segment information[Segment information]
1. Three months ended June 30, 2022
Information relating to the amounts of net sales and profit or loss by reportable segment(Millions of yen)
Reportable segment

Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Industrial
Machinery

Rock Drill
Machinery

UNIC
Machinery

3,640

7,619

6,917

737

0

4,378
75

MetalsElectronics

Chemicals

28,832

1,867

2,348

35

70

–

13

7,619

6,953

28,902

1,867

2,362

431

433

612

208

243

Eliminations/
corporate(Note 2)

Amountrecorded in thequarterly
consolidated
statement ofincome(Note 3)

Reportable segment

Real Estate

Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Others(Note 1)

Total

Total

531

51,757854

52,611–

52,611

3

860

431

1,292

(1,292)–534

52,618

1,285

53,903(1,292)

52,611

202

2,207

4

2,211

(18)

2,192

Notes: 1. The “Others” category refers to business segments not included in the reportable segments, and includes themetal powder business, transportation business, and other businesses.
2. Segment profit (loss) adjustment of ¥(18) million includes eliminations of intersegment transactions of ¥9 million
and company-wide expenses not allocated to each reportable segment of ¥(28) million. Company-wide expenses
are mainly expenses related to deserted metal mine assets and deserted coal mine assets that do not belong to thereportable segments.
3. Segment profit (loss) is adjusted to operating profit in the quarterly consolidated statement of income.

- 10 -

Furukawa Co., Ltd. (5715)

2. Three months ended June 30, 2023
Information relating to the amounts of net sales and profit or loss by reportable segment(Millions of yen)
Reportable segment

Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Industrial
Machinery

Rock Drill
Machinery

UNIC
Machinery

2,348

9,350

7,167

796

1

3,144
(4)

MetalsElectronics

Chemicals

23,049

1,765

2,341

93

58

–

14

9,352

7,260

23,108

1,765

2,355

961

446

933

173

211

Eliminations/
corporate(Note 2)

Amountrecorded in thequarterly
consolidated
statement ofincome(Note 3)

Reportable segment

Real Estate

Net sales
Net sales to externalcustomers
Intersegment net sales ortransfers
Total
Segment profit (loss)

Others(Note 1)

Total

Total

443

46,465

1,006

47,472–47,472

2

966

469

1,436

(1,436)–445

47,432

1,476

48,909(1,436)47,472

112

2,835

(60)

2,775

(13)

2,761

Notes: 1. The “Others” category refers to business segments not included in the reportable segments, and includes themetal powder business, casting business, transportation business, and other businesses.
2. Segment profit (loss) adjustment of ¥(13) million includes eliminations of intersegment transactions of ¥14
million and company-wide expenses not allocated to each reportable segment of ¥(28) million. Company-wide
expenses are mainly expenses related to deserted metal mine assets and deserted coal mine assets that do notbelong to the reportable segments.
3. Segment profit (loss) is adjusted to operating profit in the quarterly consolidated statement of income.

- 11 -

Furukawa Co., Ltd. (5715)

Supplementary Material on Financial Results
for the Three Months Ended June 30, 2023
August 9, 2023
Furukawa Co., Ltd.
Net sales(Yen amounts are rounded down to millions.)Three months Three months
Year-on-year
ended
ended
changeJune 30, 2022 June 30, 2023
Machinery businessIndustrial Machinery segment
Rock Drill Machinery segment
UNIC Machinery segment

Fiscal year ending March 31, 2024
Year-onSix month Year-onForecast
forecast year change
year change

18,177

18,866688

40,900966

87,000

5,341

3,640
7,619

2,348
9,350

(1,292)
1,731

6,400
19,600(1,462)
1,596

18,50036,000

556
247

6,917

7,167

249

14,900832

32,5004,538

Materials business

33,047

27,156(5,891)

48,100(13,864)

91,600(35,204)

Metals segment

28,832

23,049(5,782)39,900(14,003)74,800(36,624)

Electronics segment
Chemicals segment

1,867
2,348

1,765
2,341

(102)
(6)

3,600
4,600

(0)
138

7,700
9,100

773
645

Real Estate segment

531

443

(88)

900

(167)

1,700

(356)

Others segment

854

1,006

152

2,100

489

4,200

528

52,61147,472(5,138)92,000(12,576)

184,500(29,690)

Total

Operating profit
Three months Three months
Year-on-year
ended
ended
changeJune 30, 2022 June 30, 2023
Machinery business

Fiscal year ending March 31, 2024
Year-onSix month Year-onForecast
forecast year change
year change

940

1,404

463

2,700

817

7,400

1,306

Industrial Machinery segment
Rock Drill Machinery segment

75
431

(4)
961

(80)
530

100
1,700

86
642

1,500
3,100

(15)
69

UNIC Machinery segment

433

446

13

900

88

2,800

1,252

Materials business

1,064

1,318

253

900

(275)

1,600

(709)

Metals segment

612

933

320

300

(192)

500

(776)

Electronics segment
Chemicals segment

208
243

173
211

(35)
(32)

200
400

(121)
38

400
700

(100)
167

202

112

(89)

200

(224)

400

(435)

4

(60)

(64)

(100)

(40)

(150)

(16)

2,211

2,775

563

3,700

277

9,250

145

Real Estate segment
Others segment(Subtotal)
Eliminations/corporate
Total

(18)

(13)

5

0

50

(50)

23

2,192

2,761

568

3,700

327

9,200

168

Exchange rate/Copper priceThree months Three months
Year-on-year
ended
ended
changeJune 30, 2022 June 30, 2023

Fiscal year ending March 31, 2024
Year-onSix month Year-onForecast
forecast year change
year change

Exchange rate

Yen/$

129.6

137.4

7.8

136.2

2.2

135.6

0.1

Copper price

$/mt

9,526

8,478

(1,048)

8,239

(395)

8,120

(431)

- 12 -

Furukawa Co., Ltd. (5715)* Reference Information (the below values are reference values)
1. Industrial Machinery segment order balance
The Industrial Machinery segment mainly provides built-to-order manufacturing, and the order balance as ofthe end of the first quarter is as follows.
As ofJune 30, 2022
Order backlog¥12.2 billion

As ofJune 30, 2023
¥16.3 billion

Year-on-year change¥4.1 billion

2. Profit or loss from metal price fluctuations in the Metals segment
Three months ended Three months ended
Year-on-year change
June 30, 2022
June 30, 2023
Operating profit
Of which was due to price¥0.61 billion¥0.93 billion¥0.32 billion

fluctuations
Copper

¥0.63 billion¥0.70 billion¥0.06 billion[¥0.24 billion][¥0.30 billion][¥0.05 billion]

Gold[¥0.37 billion][¥0.36 billion][¥(0.00) billion]- 13 -